Swedish Authorities legally recognising a Proof of Existence document on the Blockchain
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The current system of third party verification when applied to legally
recognised documents such as those that the government and other central
authorities deal with regularly is currently time consuming and expensive. This
is largely due to the exorbitant fees involved, and the bureaucratic
process that facilitates the verification.
I propose an alternative to this outdated and inefficient method for
verifying important documents. By utilising the bitcoin Blockchain
technology it is now possible to achieve the same level of security and
recognition of the importance of a document as is currently available,
however it can now be done in a matter of minutes rather than months, at
a fraction of the cost.
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